Locations Real Estate New Zealand

Queenstown Property Sales- August 2011

locationsblog — Sun, 25 Sep 2011 22:30:35 +0000

New Zealand Realtors Group registers improving sales comparing August 2010—–

Locations Realty is a member of NZ Realtors Network Ltd, the largest collective of leading, independent real estate agencies operating throughout New Zealand.

August 2011 sales of residential property reveal that the NZ Realtors Group collectively sold 1314 residential properties nationwide for a combined value of $569,298,038. These figures represent a small increase of 33 sales over July 2011, and a healthy 23.7% increase in sales over August 2010. As a percentage of national sales, the NZ Realtors group transacted 25% of New Zealand’s 5192 residential sales in August. The group also reported strong demand for farm and lifestyle sales, with 60 sales transacted throughout New Zealand.

On the local scene the Queenstown property market recorded a good lift in both the volume and value of residential dwellings in August. The clock’s running down for 2011 and realtors are busy securing new property listings to carry through spring and into summer. RWC 2011 has most certainly drawn supporters to Queenstown coinciding with teams training in the resort and game in Dunedin and Invercargill. This said any significant surge in sales to these international visitors is unlikely given they are from long-haul origin markets such as the UK and South America.

QUEENSTOWN AREA PROPERTY SALES August 2011

Note: Data represents sales reported by REINZ agencies. Private sales not included.

	Type	August 2011	July 2011	August 2010
Number of sales	Residential Dwellings	22	16	15
	Apartments	6	6	8
	Units	13	10	5
	Townhouses	3		2
	Sections / Vacant	10	14	5
	Rural Lifestyle	3		1
	TOTAL	57	46	36
Value of sales ($)	Dwellings (Excludes Apartments)	$20,379,395	$14,073,933	$12,981,000
	Apartments	$2,415,500	$4,887,000	$3,712,700
	Sections / Vacant	$3,948,000	$5,687,000	$2,970,000
	Rural Lifestyle	$5,630,000		$1,002,500
	TOTAL	$32,372,895	$24,647,933	$20,666,200
Median Sell Price	Dwellings all types	$495,000	$492,500	$515,000
	Apartments	$442,500	$681,000	$515,000
	Residential Dwellings	$567,500	$565,000	$585,000
	Units	$415,000	$397,716	$500,000
	Townhouses	$604,000		$412,500
	Sections / Vacant	$222,500	$290,000	$450,000
	Rural Lifestyle	$1,550,000		$1,002,500 (1)
Median days to Sell	Dwellings all types (Includes apartments)	74-days	32-days	52-days
	Residential Sections	149-days	136-days	109-days

Our customers that purchased; where did they come from?

Snapshot for the 12-month’s September 2010 – August 2011

Locations customers- Local	52.0%
Locations customers- Regional	16.0%
Locations customers- National	8.5%
Locations customers- International	23.5%

Data Source: REINZ. Private sales data not included.

Disclaimer:

While every effort has been made to ensure the information contained herewith is true, no responsibility will be taken for errors or omissions. You should seek your own independent advice from your legal, taxation and financial consultant prior to purchase.

Filed under: Locations Queenstown

Queenstown Property – Latest Sales Data (July-11).

locationsblog — Thu, 18 Aug 2011 04:33:52 +0000

It appears that the second half of the 2011 year is a continuum of the first with the Queenstown area reporting 46 property sales for July. The usual spike of enquiry was somewhat defused with the New Zealand School holidays pushed back in July (Accommodate RWC 2011) and not overlapping as in past years with Australian school holiday-makers.

Nevertheless there was a positive lift in both sales volume and value July this year comparing 2010. Key take-outs include an increased median sell price of apartments as a consequence of three sales ranging $840,000 through $1.450m. The St Andrews Park residential subdivision recorded a solid 8-sales ranging $245,000 through $295,000. Sales at the plus $1.m threshold totalled six for the month.

QUEENSTOWN AREA PROPERTY SALES – July 2011

Note: Data represents sales reported by REINZ agencies. Private sales not included.

	Type	July 2011	June 2011	July 2010
Number of sales	Residential Dwellings	16	23	13
	Apartments	6	6	7
	Units	10	3	3
	Townhouses		3	1
	Sections / Vacant	14	13	9
	Rural Lifestyle		1	2
	TOTAL	46	49	35
Value of sales ($)	Dwellings (Excludes Apartments)	$14,073,933	$21,349,500	$9,312,100
	Apartments	$4,887,000	$3,177,500	$3,202,000
	Sections / Vacant	$5,687,000	$6,042,000	$2,308,000
	Rural Lifestyle		$1,100,000	$5,450,000
	TOTAL	$24,647,933	$31,669,000	$20,272,100
Median Sell Price	Dwellings all types	$492,500	$ 535,000	$ 436,000
	Apartments	$681,000	$ 504,750	$ 350,000
	Residential Dwellings	$565,000	$ 599,000	$ 505,000
	Units	$397,716	$ 475,000	$ 350,000
	Townhouses		$ 359,000	$1,250,000 (2)
	Sections / Vacant	$290,000	$ 275,000	$ 185,000
	Rural Lifestyle		$1,100,000 (1)	$2,725,000
Median days to Sell	Dwellings all types (Includes apartments)	32-days	42-days	77-days
	Residential Sections	136-days	140-days	98-days

Our customers that purchased, where did they come from?

Snapshot for the 12-month’s August 2010 – July 2011

Locations customers- Local	50%
Locations customers- Regional	18%
Locations customers- National	7%
Locations customers- International	25%

Disclaimer: While every effort has been made to ensure the information contained herewith is true, no responsibility will be taken for errors or omissions. You should seek your own independent advice from your legal, taxation and financial consultant prior to purchase.

Filed under: Locations Queenstown

New Zealand Realtors Group registers improving sales comparing 2010

locationsblog — Sat, 13 Aug 2011 00:32:17 +0000

Locations Realty is a member of NZ Realtors Network Ltd, the largest collective of leading, independent real estate agencies operating throughout New Zealand.

July 2011 sales of residential property reveal that the group collectively sold 1281 residential properties nationwide for a combined value of $603,721,785. This figure represents an increase over July 2010 of 20%. Sales volumes nationally (for all Real Estate companies) and also for the group are slightly down against June 2011 figures. Given July is traditionally the quietest month of the year for Real Estate the decline over June figures is to be expected.

Numerically, NZ Realtors Network sales figures represent around a quarter of the total residential sales recorded by real estate agents nationwide, and an even higher percentage based on dollar value, indicating the group’s strength in the middle and upper price bracket of house sales. The group also reported strong sales of rural and lifestyle properties.

Disclaimer: The New Zealand Realtors group does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information published herein. The Information contained herein has been supplied by individual members from the New Zealand Realtors group without verification by any independent party. The views and opinions of authors expressed herein do not necessarily state or reflect those of The New Zealand Realtors group or any other parties.

Filed under: Locations Queenstown

Latest New Zealand Property Report month for July 2011.

locationsblog — Mon, 01 Aug 2011 01:30:27 +0000

The July 2011 NZ Property Report published by Realestate.co.nz provides an insight into the state of the New Zealand property market as measured by the supply side of the property market over the month of July.

Excerpt——

This trend of falling property inventory off the back of rising sales and shortages of new listings began a couple of months ago in Auckland and then spread out through the major metropolitan areas into provincial NZ. The level of new listings coming onto the market in July fell again to 8,966. This represented a 15% year-on-year decline but a marginal 1% seasonally adjusted rise from June. On a 12 month moving basis the number of new listings in the past year totals 124,228 as compared 145,733 for the same period a year ago – a fall of 15%.

The national asking price expectation fell in July by 3.8% vs the recent 3 month average, this performance was mirrored across the regions with 14 regions showing a fall of which 4 reported asking price falls of more than 5%.

Countering this trend were 5 regions showing strength in asking price growth the most significant region being the Central Otago Lakes region including the key center of Queenstown, this saw a 7.4% rise in asking price to $581,666 – this is 10% up on a seasonally adjusted basis which when reviewed against the shortage of listings and low inventory would seem to highlight that the Queenstown property market is gathering pace again with recent 3 months sales volume up 26%.

Click here to read the 8–page report

Filed under: Locations Queenstown

100 POUND INVESTMENT CASHES IN OVER $1 MILLION

locationsblog — Fri, 22 Jul 2011 06:52:21 +0000

OVER thirty people gathered on a sunny section at the edge of Lake Hayes to see this 45 year old investment auctioned, by Locations Realty Ltd, for over $1 million today, 22 July 2011.

The pure waterfront section, at 89 Lake Hayes Arrowtown Road, attracted 58 bids and finally sold under the hammer for $1,205,000.

Locations’ Senior Auctioneer, Alan Sutton said: “The sale price, while exceeding the current rateable value of $1,025,000 was in line with pre-auction expectations. This illustrates clearly the on-going value of a prime location. The undeveloped site further demonstrated the interest in key positions for quality homes to meet top end market demands in the area.”

For more information please contact:

Greg Ross, Managing Director, Locations Realty 027 432 0261 or

Alan Sutton, Senior Auctioneer, Locations Realty: 027 434 6018.

Click here to view the sales brochure for the property

Filed under: Locations Queenstown

Latest Property Sales data for Queenstown

locationsblog — Mon, 18 Jul 2011 04:46:12 +0000

On the local property scene, brand cache was to the fore with June property sales at Millbrook Resort the highest monthly sales figure since August 2007 close to the height of the property and investment boom. Millbrook’s new McEntyre’s Tarn show home opened over Easter and has been the catalyst for three contracts on homes in this attractive neighbourhood. Other confirmed sales last month for the month include two sections and an existing home.

Positioned at different latitude on the lake shore at the foot of the Remarkables mountain range The Jack’s Point residential lifestyle development is making positive moves with 33-land and 4-home sales year-to-date 2011.

Seven sales north of one million dollars (5 homes/ 2-landholdings) combined with an excellent cross-section of sales by type and address aptly describes June sales (See below).

New Zealand Realtors Group registers modest residential sales for June:

Locations Realty is a member of the NZ Realtors Group of leading, independent real estate agencies operating throughout New Zealand. June 2011 sales of residential property reveal that the group collectively sold 1402 residential properties nationwide for a combined value of $638,210.877. These figures represent a modest increase in sales over May 2011, and a 27% increase in sales on May 2010 (based on values) and a 22% increase based on transaction numbers.

This level of sales is significant given June is traditionally one of the quieter months of the year for residential sales.

Numerically, these figures represent around a quarter of the total residential sales recorded by real estate agents nationwide, and an even higher percentage based on dollar value, indicating the group’s strength in the middle- and upper-price bracket of house sales.

Breakdown of sales January – June 2011 comparing January – June 2010

Property Type	Jan- June 2011 % of total sales	Jan- June 2010 % of total sales
Residential Dwellings	45.9%	44.4%
Townhouses	4.1%	5.5%
Units	14.2%	15.1%
Apartments	9.2%	9.8%
Vacant Sections/ Land	22.8%	20.5%
Rural Lifestyle	3.8%	4.7%

QUEENSTOWN AREA PROPERTY SALES – June 2011

Note: Data represents sales reported by REINZ agencies. Private sales not included.

	Type	June 2011	May 2011	June 2010
Number of sales	Residential Dwellings	23	22	20
	Apartments	6	5	8
	Units	3	5	6
	Townhouses	3	3	8
	Sections / Vacant	13	10	5
	Rural Lifestyle	1	3	5
	TOTAL	49	48	53
Value of sales ($)	Dwellings (Excludes Apartments)	$21,349,500	$22,234,500	$18,793,500
	Apartments	$3,177,500	$ 2,332,000	$4,398,250
	Sections / Vacant	$6,042,000	$ 2,745,500	$1,159,200
	Rural Lifestyle	$1,100,000	$ 4,872,826	$3,289,500
	TOTAL	$31,669,000	$32,184,826	$27,640,450
Median Sell Price	Dwellings all types	$ 535,000	$ 500,000	$500,000
	Apartments	$ 504,750	$ 475,000	$593,750
	Residential Dwellings	$ 599,000	$ 509,250	$590,000
	Units	$ 475,000	$ 355,000	$213,750
	Townhouses	$ 359,000	$ 433,000	$374,500
	Sections / Vacant	$ 275,000	$ 259,500	$205,000
	Rural Lifestyle	$1,100,000 (1)	$1,800,000	$712,000
Median days to Sell	Dwellings all types (Includes apartments)	42-days	79-days.	70-days
	Residential Sections	140-days	42-days.	26-days

Data Source: REINZ. Private sales data not included.

Filed under: Locations Queenstown

New Zealand Property Report for June 2011.

locationsblog — Thu, 30 Jun 2011 23:23:05 +0000

The June 2011 NZ Property Report published by Realestate.co.nz provides an insight into the state of the New Zealand property market as measured by the supply side of the property market over the month of May. The key measures of the market analysed in the report are the number of new listings, the asking price expectation for those new listings and the level of inventory of unsold houses on the market at this time. The report is compiled from data captured by the website and represents close to 95% of all property movements in the NZ market as managed by licensed real estate agents.

What began last month as an early trend towards a sellers’ market has taken on a faster pace through June. Nationally whilst the inventory levels hover just above the long-term average of 41 weeks, key regions of the country are now firmly set in a sellers’ market. This situation has the potential to be exacerbated by the traditional reluctance of property owners to list their homes through the winter period. During the winter, sales per month tend to drop by around 5% as against a normal month, however new listings tend to fall more significantly by up to 15% as compared to a normal month.

Heading into the winter period with a growing number of regions seeing inventory levels below long term average could well result in elevated buyer demand with a potential to see property price appreciation. Those regions are Auckland, Queenstown, Bay of Plenty, Waikato and Otago.

Click here to read the 8–page report

Filed under: Locations Queenstown

Queenstown Property Sales Latest Data.

locationsblog — Mon, 20 Jun 2011 05:16:39 +0000

Queenstown property sales by volume for the five months year-to-date 2011 comparing 2010 have increased across all property types. Median sell price for all property types have also increased with just two exceptions. There is no change in the median sell price of units and a marginal drop (0.7%) in the median sell price of townhouses.

As profiled in the table below the type of property purchased in the first five months of 2011 has not materially changed from the same report period in 2010.

Queenstown Area Sales by Property Type Year-To-Date 2011 comparing 2010

□ Report compares aggregated sales January through May inclusive 2011 v 2010

□ REINZ reported sales. Private sales not included.

Property Type	2011	2010	Variance +/-
Residential Dwellings (RD)	122 sales	112 sales	+8.9%
RD Median Sell Price	$565,000	$552,500	+2.2%
Apartments (A)	23 sales	21 sales	+9.5%
A Median Sell Price	$510,000	$429,000	+8.8%
Units (U)	42 sales	39 sales	+7.6%
U Median Sell Price	$365,000	$365,000	No change
Townhouses (TH)	10 sales	8 sales	+25.0%
TH Median Sell Price	$454,000	$457,000	-0.7%
Residential Sections (RS)	59 sales	56 sales	+5.3%
RS Median Sell Price	$252,000	$247,500	+1.8%
Rural (R)	11 sales	9 sales	+22.2%
R Median Sell Price	$1,595,000	$1,180,000	+35.1%
Total properties Sales	267 sales	245 sales	+8.9%
Total Value ($) of sales	$179,024,915	$144,095,723	+24.2%

QUEENSTOWN AREA PROPERTY SALES – MAY 2011

Note: Data represents sales reported by REINZ agencies. Private sales not included.

	Type	May 2011	April 2011	May 2010
Number of sales	Residential Dwellings	22	38	18
	Apartments	5	6	3
	Units	5	10
	Townhouses	3	3	1
	Sections / Vacant	10	15	13
	Residential Invest Block			1
	Rural Lifestyle Blocks	3	6	1
	TOTAL	48	78	37
Value of sales ($)	Dwellings (Excl Apartments)	$22,234,500	$38,454,900	$20,234,025
	Apartments	$ 2,332,000	$ 3,295,000	$ 1,352,000
	Sections / Vacant	$ 2,745,500	$ 3,856,500	$ 4,959,500
	Residential Invest Block			$ 515,000
	Rural Lifestyle Blocks	$ 4,872,826	$18,185,000	$ 1,180,000
	TOTAL	$32,184,826	$63,791,400	$28,240,525
Median Sell Price	Dwellings all types	$ 500,000	$ 520,000	$ 570,000
	Apartments	$ 475,000	$ 505,000	$ 459,00
	Residential Dwellings	$ 509,250	$ 582,500	$ 572,500
	Units	$ 355,000	$ 456,000
	Townhouses	$ 433,000	$ 450,000	$1,050,000
	Sections / Vacant	$ 259,500	$ 207,500	$ 180,000
	Residential Invest Block			$ 515,000 (1)
	Rural Lifestyle Blocks	$1,800,000	$1,410,000	$1,180,000 (1)

Median days to Sell	Dwellings all types (Includes apartments)	79-days.	46-days.	52-days
	Residential Sections	42-days.	42-days.	108-days

Filed under: Locations Queenstown Tagged: Queenstown Property